Gross savings in Palau
Palau: Gross savings was -13.0% in 2023. ◆ Volatile
Gross savings in Palau, 2005–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Palau is -13.0%, measured in 2023. That is the lowest value across all 19 years on record.
Compared with earlier readings it is down 371.8% on the previous year and down 922.3% over ten years.
Over the whole period, gross savings in Palau peaked at 8.9% in 2005 and was at its lowest, -13.0%, in 2023.
Palau ranks 176th of 177 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Palau, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 8.9% | — |
| 2006 | 4.5% | -49.9% |
| 2007 | 4.7% | +3.9% |
| 2008 | 1.4% | -69.0% |
| 2009 | -0.6% | -145.0% |
| 2010 | 2.7% | -511.4% |
| 2011 | 2.7% | +2.2% |
| 2012 | 1.6% | -41.8% |
| 2013 | 1.6% | -0.5% |
| 2014 | 0.8% | -47.7% |
| 2015 | 4.7% | +473.8% |
| 2016 | 8.8% | +85.7% |
| 2017 | 5.8% | -34.0% |
| 2018 | 7.5% | +29.9% |
| 2019 | 1.2% | -83.8% |
| 2020 | -7.2% | -691.3% |
| 2021 | -2.1% | -70.4% |
| 2022 | -2.8% | +28.6% |
| 2023 | -13.0% | +371.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.8% | -0.6% | 8.9% | 5 |
| 2010s | 3.8% | 0.8% | 8.8% | 10 |
| 2020s | -6.3% | -13.0% | -2.1% | 4 |
Countries ranked near Palau
More economy & growth data for Palau
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.69 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.7302 (2025)
- External balance on goods and services as a percent of GDP -40.4% (2024)
- Gdp worldbank constant usd, annual growth rate 6.29 % change on previous year (2025)
- US dollar per domestic currency (End-of-period (EoP)) 1 (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7995 units per US$ of GDP (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Gdp worldbank constant usd, per capita 15,617 units per person (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
Frequently asked questions
- What is gross savings in Palau?
- Gross savings in Palau was -13.0% in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Palau?
- The highest recorded value was 8.9% in 2005.
- What is the lowest gross savings recorded in Palau?
- The lowest recorded value was -13.0% in 2023.
- How does Palau rank for gross savings?
- Palau ranks 176th out of 177 countries with data for 2023.
- Is gross savings rising or falling in Palau?
- Over the last ten years it is down 922.3%. The long-run trend across the full record is volatile.
- Where does this Palau data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.